Stock has gotten crushed along with falling oil prices but it's business is natural gas transportation. This looks like an attractive entry point and should beat the market over the next several years.

Overdone market correction against all companies that have "natural gas" mentioned anywhere in their 10-K.

- Business is long-term, volume/fee-based contracts that aren't impacted by short-term price movements. So I think much of the stock price drop is unwarranted anyway.

- I love the partnership structure that unevenly benefits the GP (OKE). They have an increasing claim on the distributions paid out by their MLP (OKS). OKE gets 30% of the MLP's current distributions, but this scales higher as OKS increases their payout.

In short, when nat gas prices increase, supply volumes will increase. When volumes increase, MLP distributions increase. And when distributions increase, OKE's share of the cash flow increases. A very good day to be a shareholder.

The 5.5% dividend yield today for owning the GP is too high. OneOK is undervalued and worthy of the CAPS green-thumb.